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Stock Market & Financial Investment News

News Breaks
December 20, 2012
08:12 EDTCY, RMTRCypress Semiconductor integrates Ramtron F-RAM nonvolatile memory
Cypress Semiconductor (CY) has integrated Ramtron (RMTR)’s ferroelectric random access memory products into its portfolio. F-RAM is the industry’s lowest-power nonvolatile memory. This new combination serves a broad range of applications that require data to be retained when power is lost. The merger between Cypress and Ramtron was officially completed on November 20. Cypress is maintaining Ramtron part numbers. There will be no supply disruption for more than 95% of production parts.
News For CY;RMTR From The Last 14 Days
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March 18, 2015
05:55 EDTCYStocks with implied volatility movement; MGM CY
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March 17, 2015
16:00 EDTCYOptions Update; March 17, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 27.30. Option volume leaders: AAPL RIG MGM HTZ TWTR TSLA CY KO NFLX C according to Track Data.
March 13, 2015
06:18 EDTCYSpansion, Cypress begin laying off 1,600 after merger, Mercury News says
Spansion (CODE) and Cypress Semiconductor (CY) have begun laying off 1,600 employees as part of their merger process, reports the Mercury News, citing an internal memo. by Cypress CEO TJ Rodgers. The layoffs will take roughly three weeks and will be equally split between the two firms. Reference Link
March 12, 2015
17:16 EDTCYCypress Semiconductor, Spansion complete $5B all-stock merger
Cypress Semiconductor (CY) and Spansion (CODE) announced that they have closed the merger of the two companies in an all-stock, tax-free transaction valued at approximately $5B. In a special meeting, Cypress shareholders approved the issuance of 2.457 shares of Cypress stock to Spansion shareholders for each Spansion share they own. Spansion shareholders approved the merger in a separate special meeting. The merger is expected to achieve more than $135M in cost synergies on an annualized basis within three years and to be accretive to non-GAAP earnings within the first full year after the transaction closes. The combined company will continue to pay 11c per share in quarterly dividends to shareholders.
10:15 EDTCYCypress Semiconductor to host special shareholder meeting
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10:11 EDTCYSpansion to host special shareholder meeting
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